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Petrochemicals to recover slowly after coronavirus outbreak

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Asia petrochemical shares mixed on virus uncertainty; oil rebounds

2020/04/08

SINGAPORE (ICIS)--Shares of petrochemical firms in Asia were mixed on Wednesday as sentiment turned cautious following a dip on Wall Street overnight, while oil prices were higher as investors pinned hopes on a supply cut deal by OPEC and its allies on Thursday. At 03:00 GMT, Asahi Kasei was down…

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US chem shares rise even as Dow Jones gives up massive rally

2020/04/07

HOUSTON (ICIS)--Most of the US-listed stocks followed by ICIS rose…

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TOPIC PAGE: Coronavirus impact on energy markets

2020/04/07

LONDON (ICIS)--As the coronavirus spreads around the world and countries…

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Petrochemicals to recover slowly after coronavirus outbreak

China is the world’s biggest net importer of polyethylene (PE), polypropylene (PP), paraxylene (PX), and monoethylene glycol (MEG). Restrictions linked to the coronavirus outbreak have caused China’s chemical industry to suffer a 15-25% slump in demand during February. What will the impact be on these and other chemical markets?

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